Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/78366
Authors: 
Gehrig, Thomas
Menkhoff, Lukas
Year of Publication: 
2003
Series/Report no.: 
Diskussionspapiere der Wirtschaftswissenschaftlichen Fakultät, Universität Hannover 276
Abstract: 
This paper provides questionnaire evidence on the role of flow analysis for professional traders and fund managers. This evidence suggests that besides fundamental information and technical analysis, the analysis of flows provides an independent third type of information for professionals. The view that flows can be used to learn about fundamentals is not consistent with the data. Instead, evidence indicates that flows more likely provide insight into semi-fundamental private information.
Subjects: 
foreign exchange markets
flow trading
market microstructure
JEL: 
F31
Document Type: 
Working Paper

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